Earlier this month I wrote about how Special Counsel Robert Mueller isn’t merely going to destroy Donald Trump, he’s going to reveal his most humiliating secret: Trump is flat broke (link). I got some pushback on it, from people asking how someone with assets in the billions can be broke. The answer is simple: if your debts are larger than your assets, and servicing your debt has left you cash-poor, you’re broke. Now there’s even more anecdotal evidence of just how broke Trump is.
This summer it was revealed that Donald Trump was using funds from his phony “2020 reelection campaign” to pay for his son Don’s legal bills in the Trump-Russia scandal. This in and of itself could have been written off as Trump simply being his scamming self. He sees his campaign fundraising as being his own personal money, so of course he spent it on his own personal interests. He’s also used his own charity as a personal piggy bank, while scamming money from his other son Eric’s charity. This doesn’t mean he’s broke, just that he’s a criminal scumbag. But now it turns out he’s skimming money from a different, and more eye popping, source.
Last night it was revealed that Trump has conned the Republican National Committee into paying his own legal bills (link). This is not easily pulled off. Trump has precious little influence remaining over the Republican Party. But he’s so desperate for yet another minor cash infusion to pay his lawyers, he’s using up that last bit of remaining goodwill with the RNC. As per usual, Trump is doing all of this for a relatively small amount of money. It’s a mere $230,000 – which for a billionaire should be not even be worth the trouble.
What stands out here is the time and trouble which Donald Trump is willing to go to, just so he can pilfer small amounts of cash. He lugged himself to his own resorts every weekend just so he could steal money from the Secret Service to the tune of $60,000 in golf cart rentals and such. That’s a ton of work for what should be the equivalent of a penny lying on the ground for a billionaire. That’s because he’s not a billionaire. His properties are over-mortgaged, he has hidden international debts, and a negative net worth. Donald Trump is flat broke. Eventually it’ll surface that the $1 million he donated to hurricane relief wasn’t actually his money either. He simply doesn’t have that kind of cash available.
Bill Palmer is the publisher of the political news outlet Palmer Report